Sunday, November 12, 2006

Flippers be careful of lead paint and zoning issues

Folks it is important that when you are flipping a home, that you make sure it is compliant with building regulations. There are some simple things you can do to ensure that the new home you purchased meets the new specs.

1. Ensure that all zoning is up to date with the city

2. Ensure home-additions are permitted

3. Ensure that homes built prior to the 1980s do not contain lead paint. Purchase of home lead testing kit to be used on house paint and house hold objects. However, the testing kit can underestimate the amount of lead present. So you may want to hire a professional.

4. Make sure you research the home to ensure there are no liens (IRS, mechanics, property tax)

If you pay attention to the above your flip might be alot easier.

-Bob

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